Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Aster−0.379%7-day average −0.023% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.379%, 7d avg −0.023%

Together, before fees+0.017%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.357% cheaper against Aster than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.2547	0.0100	pay 0.0050% / 4h	3h 13m	$472K	$837K	20x
Short	Variational Omni TRUMP	2.2462	0.0100	get 0.0050% / 4h	3h 13m	$717K	$438K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Variational OmnibpOrdersPrice spread, now −0.379%Rate

Funding earned: $0
Price spread: −0.379% → −0.023%: −$35.65
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$43.65
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 59 min ago; Variational Omni: RFQ quote, 61 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 59 min ago	4.58 bp	8.9 bp −$9	19.2 bp −$192	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 61 min ago	5.02 bp	doesn't fit	14.9 bp −$149	doesn't fit	doesn't fit

TRUMP on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.1608%	1h	2.2440	−0.475%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2562	+0.064%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2546	−0.003%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2589	+0.186%	$424K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2585	+0.170%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2556	+0.040%	$110K	$264K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0093%	8h	2.2535	−0.054%	$5K	$175	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2540	−0.031%	$999K	$780K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2580	+0.146%	$3K	$249K	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.2547	long leg	$472K	$837K	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2555	+0.035%	$196K	$54K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2590	+0.191%	$64.7M	$225.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2580	+0.146%	$32.0M	$45.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2580	+0.146%	$28.6M	$161.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2570	+0.102%	$8.0M	$48.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2550	+0.013%	$486K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2570	+0.102%	$4.5M	$10.6M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2570	+0.102%	$16.4M	$22.4M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.2462	−0.379%	$717K	$438K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2566	+0.086%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2560	+0.058%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2540	−0.031%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2540	−0.031%	$567K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2550	+0.014%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2575	+0.125%	$20K	—	3x	as long as short
Hyperliquid TRUMP	+0.0143%	1h	2.2592	+0.199%	$14.7M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2587	+0.179%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2620	+0.324%	$4.3M	$684K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0482%	1h	2.2539	−0.036%	$265K	$300K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2530	−0.076%	$294K	$253K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0763%	1h	2.2574	+0.118%	$1.3M	$2.6M	50x	as long as short